About 15 Year Balloon Mortgage
A balloon mortgage can be an excellent option for many home buyers. Your payment is amortized based on a 30 years, but at the end of your loan term, the remaining balance (a.k.a. the balloon) comes due. At that time, you are required to refinance your loan balance or pay it off. Nebraska Energy Federal Credit Union has been assisting electrical industry employees and their families find the perfect home-buying solution. Our mortgage loan officers would be happy to visit with you and see if a 15-year balloon mortgage is right for you!
Balloon Mortgage Benefits
- Interest rate and monthly payment is set for 15 years.
- Lower monthly payments.
- Increased buying power.